(i) Trading on break out from Patterns
(ii) Trading in overbought/ oversold zone
(iii) Trading at support and resistance level
(iv) Trading at breaking of trend lines
(v) Trading at the percentage retracement.
(vi) Trading while making the use of gaps
(vii) Trading on negative and positive divergences
I think this forms a good broad summary about when to trade. Is there any other category, traderji? Getting out of traders would also involve all the above?
In the case of breakouts, one has to keep the 3% filter in mind apart from volume. I think with the exception of Gaps and to a lesser degree, percentage retracements, others have been covered. Any dos and donts, finer points or points to be kept in mind would be welcome. It is better to have them at one place rather than scattered in different posts.
Former PNG MD, Mr Gurcharan Das said once that to succeed at anything one has to try and know all the details without losing sight of the big picture. I have presented this in that context.
(ii) Trading in overbought/ oversold zone
(iii) Trading at support and resistance level
(iv) Trading at breaking of trend lines
(v) Trading at the percentage retracement.
(vi) Trading while making the use of gaps
(vii) Trading on negative and positive divergences
I think this forms a good broad summary about when to trade. Is there any other category, traderji? Getting out of traders would also involve all the above?
In the case of breakouts, one has to keep the 3% filter in mind apart from volume. I think with the exception of Gaps and to a lesser degree, percentage retracements, others have been covered. Any dos and donts, finer points or points to be kept in mind would be welcome. It is better to have them at one place rather than scattered in different posts.
Former PNG MD, Mr Gurcharan Das said once that to succeed at anything one has to try and know all the details without losing sight of the big picture. I have presented this in that context.
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